The task of creating a comprehensive estate plan can be overwhelming and confusing for some. Breaking up the creation of an estate plan into steps is recommended as a way to tackle the process and ensure it is done correctly. Similarly, it is important for Michigan families to weed out steps that may not apply to them and focus on those steps that do.
A will is perhaps the most basic and essential document that should be a part of an estate plan. However, another document that all individuals should consider is a living trust. A living trust can be a way to distribute assets to heirs directly without the heirs having to face the public probate process.